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Terreno Realty Corp（TRNO）与WisdomTree, Inc.（WT）财务数据对比。点击上方公司名可切换其他公司
WisdomTree, Inc.的季度营收约是Terreno Realty Corp的1.1倍（$147.4M vs $137.5M），Terreno Realty Corp净利率更高（115.1% vs 27.1%，领先87.9%），WisdomTree, Inc.同比增速更快（33.2% vs 32.6%），过去两年Terreno Realty Corp的营收复合增速更高（27.2% vs 23.4%）
Terreno Realty Corp是一家上市房地产投资信托公司，专注于持有、运营及收购优质工业地产资产，旗下资产组合主要包括位于美国高需求沿海都会区的配送仓库与物流设施，服务电商、最后一公里配送、零售供应链等领域的租户。
WisdomTree, Inc.是总部位于纽约的全球ETF（交易型开放式指数基金）及交易所交易产品发行方与资产管理机构，2006年6月推出首批ETF产品，目前是美国主流ETF供应商之一。其发行的ETF覆盖全球不同资产类别与地区市场，产品线涵盖美国及国际股票、货币、固定收益及另类投资等品类。
TRNO vs WT — 直观对比
营收规模更大
WT
是对方的1.1倍
$137.5M
营收增速更快
WT
高出0.6%
32.6%
净利率更高
TRNO
高出87.9%
27.1%
两年增速更快
TRNO
近两年复合增速
23.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $137.5M | $147.4M |
| 净利润 | $158.2M | $40.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 40.5% |
| 净利率 | 115.1% | 27.1% |
| 营收同比 | 32.6% | 33.2% |
| 净利润同比 | 107.9% | 46.6% |
| 每股收益（稀释后） | $1.54 | $0.28 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收TRNOWT
| Q4 25 | $137.5M | $147.4M | ||
| Q3 25 | $116.2M | $125.6M | ||
| Q2 25 | $112.2M | $112.6M | ||
| Q1 25 | $110.4M | $108.1M | ||
| Q4 24 | $103.7M | $110.7M | ||
| Q3 24 | $99.6M | $113.2M | ||
| Q2 24 | $94.2M | $107.0M | ||
| Q1 24 | $85.0M | $96.8M |
净利润TRNOWT
| Q4 25 | $158.2M | $40.0M | ||
| Q3 25 | $103.4M | $19.7M | ||
| Q2 25 | $93.3M | $24.8M | ||
| Q1 25 | $48.1M | $24.6M | ||
| Q4 24 | $76.1M | $27.3M | ||
| Q3 24 | $36.6M | $-4.5M | ||
| Q2 24 | $35.7M | $21.8M | ||
| Q1 24 | $36.1M | $22.1M |
营业利润率TRNOWT
| Q4 25 | — | 40.5% | ||
| Q3 25 | — | 36.3% | ||
| Q2 25 | — | 30.8% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | 36.0% | ||
| Q2 24 | — | 31.3% | ||
| Q1 24 | — | 28.9% |
净利率TRNOWT
| Q4 25 | 115.1% | 27.1% | ||
| Q3 25 | 88.9% | 15.7% | ||
| Q2 25 | 83.1% | 22.0% | ||
| Q1 25 | 43.6% | 22.8% | ||
| Q4 24 | 73.4% | 24.7% | ||
| Q3 24 | 36.8% | -4.0% | ||
| Q2 24 | 37.9% | 20.3% | ||
| Q1 24 | 42.4% | 22.8% |
每股收益（稀释后）TRNOWT
| Q4 25 | $1.54 | $0.28 | ||
| Q3 25 | $1.00 | $0.13 | ||
| Q2 25 | $0.90 | $0.17 | ||
| Q1 25 | $0.47 | $0.17 | ||
| Q4 24 | $0.78 | $0.20 | ||
| Q3 24 | $0.37 | $-0.13 | ||
| Q2 24 | $0.37 | $0.13 | ||
| Q1 24 | $0.40 | $0.13 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $25.0M | — |
| 总债务越低越好 | $943.3M | — |
| 股东权益账面价值 | $4.1B | $413.7M |
| 总资产 | $5.4B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.23× | — |
8季度趋势，按日历期对齐
现金及短期投资TRNOWT
| Q4 25 | $25.0M | — | ||
| Q3 25 | $26.2M | — | ||
| Q2 25 | $128.4M | — | ||
| Q1 25 | $156.5M | — | ||
| Q4 24 | $18.1M | — | ||
| Q3 24 | $243.7M | — | ||
| Q2 24 | $182.0M | $132.5M | ||
| Q1 24 | $649.6M | $116.9M |
总债务TRNOWT
| Q4 25 | $943.3M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $742.4M | — | ||
| Q1 25 | $741.9M | — | ||
| Q4 24 | $823.4M | — | ||
| Q3 24 | $672.2M | — | ||
| Q2 24 | $772.0M | — | ||
| Q1 24 | $771.8M | — |
股东权益TRNOWT
| Q4 25 | $4.1B | $413.7M | ||
| Q3 25 | $4.0B | $373.4M | ||
| Q2 25 | $3.9B | $445.1M | ||
| Q1 25 | $3.9B | $415.6M | ||
| Q4 24 | $3.7B | $400.0M | ||
| Q3 24 | $3.6B | $374.9M | ||
| Q2 24 | $3.4B | $445.6M | ||
| Q1 24 | $3.4B | $423.2M |
总资产TRNOWT
| Q4 25 | $5.4B | $1.5B | ||
| Q3 25 | $5.3B | $1.4B | ||
| Q2 25 | $5.0B | $1.1B | ||
| Q1 25 | $4.9B | $1.0B | ||
| Q4 24 | $4.8B | $1.0B | ||
| Q3 24 | $4.6B | $1.0B | ||
| Q2 24 | $4.5B | $964.1M | ||
| Q1 24 | $4.4B | $931.7M |
负债/权益比TRNOWT
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | 0.22× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.22× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $271.9M | $147.9M |
| 自由现金流经营现金流 - 资本支出 | — | $147.7M |
| 自由现金流率自由现金流/营收 | — | 100.2% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | 1.72× | 3.70× |
| 过去12个月自由现金流最近4个季度 | — | $240.8M |
8季度趋势，按日历期对齐
经营现金流TRNOWT
| Q4 25 | $271.9M | $147.9M | ||
| Q3 25 | $79.5M | $48.1M | ||
| Q2 25 | $60.6M | $38.8M | ||
| Q1 25 | $61.4M | $6.4M | ||
| Q4 24 | $232.7M | $113.5M | ||
| Q3 24 | $70.0M | $47.7M | ||
| Q2 24 | $64.3M | $32.2M | ||
| Q1 24 | $47.0M | $-1.0M |
自由现金流TRNOWT
| Q4 25 | — | $147.7M | ||
| Q3 25 | — | $48.0M | ||
| Q2 25 | — | $38.7M | ||
| Q1 25 | — | $6.3M | ||
| Q4 24 | — | $113.3M | ||
| Q3 24 | — | $47.7M | ||
| Q2 24 | — | $32.2M | ||
| Q1 24 | — | $-1.1M |
自由现金流率TRNOWT
| Q4 25 | — | 100.2% | ||
| Q3 25 | — | 38.2% | ||
| Q2 25 | — | 34.4% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | — | 102.4% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 30.1% | ||
| Q1 24 | — | -1.1% |
资本支出强度TRNOWT
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.1% |
现金转化率TRNOWT
| Q4 25 | 1.72× | 3.70× | ||
| Q3 25 | 0.77× | 2.44× | ||
| Q2 25 | 0.65× | 1.57× | ||
| Q1 25 | 1.28× | 0.26× | ||
| Q4 24 | 3.06× | 4.15× | ||
| Q3 24 | 1.91× | — | ||
| Q2 24 | 1.80× | 1.48× | ||
| Q1 24 | 1.30× | -0.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
WT
| Investment Advisory Management And Administrative Service | $122.7M | 83% |
| Other Services Income | $12.7M | 9% |
| IE | $11.5M | 8% |
